invest: Investors and short sales........
- 03/28/10 12:53 PM
I am looking for a little help. Has anyone closed any transactions with investors on a short sale, that then resold to someone obtaining a mortgage. We are seeing this as being the next best thing; per the "investors" but, I have yet to speak with anyone who has closed title with an investor, who then sold within ninty days for a profit. If you have; I would appreciate knowing how and who purchased from the investor. The lender, if there was one (from b to c), time frame, if rehab was completed and approx. percentage increase in sale price. I have several … (1 comments)
invest: Equity Stripping....Seller / Buyer / Investor beware.
- 02/08/10 06:01 PM
Equity Stripping....Sellers / buyers / investors beware. This past Thursday I had one of my Associates ask me to join her in a seller consultation. Of course, that I what I do for our Associates. Now see if you can follow this; The now seller/investor was approached by a "Property Management Company" as a potential buyer for an investment property one year ago. Buyer/investor was told how everyone is going to help a homeowner to stay in their home, not loose the home to foreclosure and you (the buyer/investor) are going to be a hero, if we can just use you credit to secure a loan. The buyer/investor … (2 comments)
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Chris Spada
Realtor - I Buy House. Pretty houses to ones in NJ...
I am looking for a little help. Has anyone closed any transactions with investors on a short sale, that then resold to someone obtaining a mortgage. We are seeing this as being the next best thing; per the "investors" but, I have yet to speak with anyone who has closed title with an investor, who then sold within ninty days for a profit. If you have; I would appreciate knowing how and who purchased from the investor. The lender, if there was one (from b to c), time frame, if rehab was completed and approx. percentage increase in sale price. I have several … (1 comments)
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